Snowflake (NYSE:SNOW) Director Frank Slootman Sells 55,350 Shares

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 55,350 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $176.52, for a total value of $9,770,382.00. Following the sale, the director directly owned 38,046 shares in the company, valued at $6,715,879.92. This represents a 59.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Frank Slootman also recently made the following trade(s):

• On Tuesday, May 19th, Frank Slootman sold 144,650 shares of Snowflake stock. The stock was sold at an average price of $175.45, for a total value of $25,378,842.50.
• On Wednesday, March 18th, Frank Slootman sold 88,701 shares of Snowflake stock. The stock was sold at an average price of $175.93, for a total value of $15,605,166.93.
• On Thursday, March 19th, Frank Slootman sold 11,299 shares of Snowflake stock. The stock was sold at an average price of $175.25, for a total value of $1,980,149.75.
• On Tuesday, March 17th, Frank Slootman sold 7,874 shares of Snowflake stock. The stock was sold at an average price of $175.34, for a total value of $1,380,627.16.
• On Tuesday, March 10th, Frank Slootman sold 2,042 shares of Snowflake stock. The stock was sold at an average price of $182.44, for a total value of $372,542.48.

Snowflake Stock Up 36.5%

Snowflake stock opened at $239.22 on Friday. Snowflake Inc. has a twelve month low of $118.30 and a twelve month high of $280.67. The stock’s fifty day simple moving average is $155.03 and its 200-day simple moving average is $190.49. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $82.70 billion, a P/E ratio of -67.96 and a beta of 1.08.

Snowflake (NYSE:SNOW) last posted its quarterly earnings data on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07. Snowflake had a negative return on equity of 49.29% and a negative net margin of 23.79%.The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the company earned $0.24 earnings per share. The company’s revenue was up 33.5% on a year-over-year basis. As a group, equities analysts expect that Snowflake Inc. will post -2.16 earnings per share for the current fiscal year.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake beat expectations, reporting EPS of $0.39 versus $0.32 expected and revenue of $1.39 billion versus $1.32 billion expected, with sales up 33.5% year over year. Article Title
• Positive Sentiment: The company raised full-year product revenue guidance, signaling management sees continued demand for its cloud data and AI offerings. Article Title
• Positive Sentiment: Snowflake announced a $6 billion, five-year strategic collaboration with AWS, tied to Graviton processors and AI infrastructure, which investors view as a major growth catalyst for enterprise agentic AI adoption. Article Title
• Positive Sentiment: Analysts turned more bullish after the report, with multiple firms raising price targets, reflecting confidence that AI demand and the AWS deal could support further upside. Article Title
• Positive Sentiment: Snowflake also said it will acquire Natoma, adding governance and identity tools for AI agents, another sign it is building out its AI platform. Article Title
• Neutral Sentiment: Director Frank Slootman disclosed a pre-planned sale of shares under a 10b5-1 trading plan; while noteworthy, it does not appear tied to the operating outlook. Article Title

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SNOW. Wells Fargo & Company boosted their target price on shares of Snowflake from $210.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday. Sanford C. Bernstein upped their price objective on Snowflake from $195.00 to $250.00 and gave the stock a “market perform” rating in a research report on Thursday. Guggenheim reaffirmed a “neutral” rating on shares of Snowflake in a research report on Wednesday, February 18th. Piper Sandler set a $300.00 price objective on Snowflake in a research report on Thursday. Finally, Bank of America upped their price objective on Snowflake from $205.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $283.74.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Total Clarity Wealth Management Inc. raised its position in shares of Snowflake by 2.7% during the third quarter. Total Clarity Wealth Management Inc. now owns 1,508 shares of the company’s stock worth $340,000 after acquiring an additional 40 shares during the last quarter. Diligent Investors LLC raised its stake in shares of Snowflake by 0.9% during the third quarter. Diligent Investors LLC now owns 4,594 shares of the company’s stock worth $1,036,000 after buying an additional 40 shares during the last quarter. Hazlett Burt & Watson Inc. raised its stake in shares of Snowflake by 44.1% during the third quarter. Hazlett Burt & Watson Inc. now owns 160 shares of the company’s stock worth $36,000 after buying an additional 49 shares during the last quarter. Wolff Wiese Magana LLC raised its stake in shares of Snowflake by 10.0% during the fourth quarter. Wolff Wiese Magana LLC now owns 549 shares of the company’s stock worth $120,000 after buying an additional 50 shares during the last quarter. Finally, HHM Wealth Advisors LLC raised its stake in shares of Snowflake by 50.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 150 shares of the company’s stock worth $33,000 after buying an additional 50 shares during the last quarter. 65.10% of the stock is owned by hedge funds and other institutional investors.

Snowflake Company Profile

Snowflake Inc is a cloud-native data platform company that provides a suite of services for storing, processing and analyzing large volumes of data. Its core offering, often described as the Snowflake Data Cloud, combines data warehousing, data lake and data sharing capabilities in a single managed service delivered across major public cloud providers. The platform is designed to support analytics, data engineering, data science and application workloads with a focus on scalability, concurrency and simplified administration.

Key products and capabilities include a multi-cluster, shared-data architecture that separates compute from storage; continuous data ingestion and streaming; support for structured and semi-structured data formats; tools for data governance, security and compliance; and developer frameworks for building data applications.